Debt-Ceiling

Guest Commentator Jerry Newcombe on Debt Deal

Note from Rev. Austin: The crazy debt-ceiling frenzy going on in The House on The Hill has everyone's head spinning while bearing witness to the strangest display of logic, statistics and math ever recorded. White House Wisdom has showered us with glowing examples, such as "raising the debt in order to bring down the debt." How's that again?

Since economics, debt based government, and bookkeeping were never strong points with this writer-commentator, and being no match for the White House Wizards of Monetary Muckery, the keyboard has been surrendered to TV Producer, Author, and Popular Radio Host Jerry Newcombe who puts it in a perspective that those scratching their heads might understand.

So Just Who's Happy with the Debt-Ceiling Deal?
By Jerry Newcombe
8/3/11

Ronald Reagan once said about runaway government expenditures, "We could say they spend like drunken sailors, but that would be unfair to drunken sailors, because the sailors are spending their own money."

Congress has now passed into law a bill to raise the debt-ceiling and supposedly cut the projected growth of government by a few trillion over the next decade. Meanwhile, the August 2 crisis of a default on our debts has been supposedly avoided. And it seems that neither side is fully happy.

On the one hand, I hear the Tea Party being given credit for helping to frame the debate. On the other hand, I hear many of the Tea Party members themselves questioning the wisdom of the whole day.

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